Business News

S&P 500, Nasdaq slip as Trump, Hong Kong sour mood; Boeing lifts Dow

The S&P 500 and Nasdaq indexes fell on Monday, as prospects of a quick resolution to the U.S.-China trade war dimmed following comments from President Donald Trump, while escalating violence in Hong Kong added to the downbeat sentiment.

WeWork in talks to hire T-Mobile's John Legere as CEO: WSJ

WeWork is in discussions with T-Mobile US Inc Chief Executive Officer John Legere to take over as head of the office-sharing start-up, the Wall Street Journal reported on Monday, citing people familiar with the matter.

SunPower to separate solar panel unit from storage, shares rise

U.S. solar company SunPower said on Monday it would split into two publicly traded companies, separating most of its solar panel manufacturing operations from storage and energy services, sending its shares up as much as 15%.

Wall Street slips as Trump, Hong Kong dampen mood

Wall Street's main indexes fell on Monday, as prospects of a quick resolution to the U.S.-China trade war dimmed following comments from President Donald Trump, while escalating violence in Hong Kong added to the downbeat sentiment.

Boeing now says it expects 737 MAX to resume commercial service in January

Boeing Co said Monday it now expects its grounded 737 MAX to resume U.S. commercial service in January as it works to address questions from regulators over its documentation for revisions to the plane's software.

Apple aims to launch AR Headset in 2022, AR Glasses by 2023: The Information

Apple Inc is aiming to launch augmented-reality headset in 2022 and a sleeker pair of AR glasses by 2023, news website The Information reported on Monday, citing people familiar with the matter.

Oil steadies as Cushing drawdown faces trade worries

Oil prices steadied on Monday after industry data showed a drop in stocks at the Cushing, Oklahoma, but trade concerns weighed after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs on China.

Dollar, stocks slip amid trade deal uncertainty

The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump's remarks over the weekend suggested an end to the trade war with China was still not in sight, dashing recent investor optimism.

Exclusive: Occidental seeks up to $700 million for Anadarko assets in Wyoming, Colorado - sources

Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, according to people familiar with the matter.

Smaller, thinner, less sweet snacks? Mondelez makes health drive

Snack maker Mondelez will offer more treats in smaller portions and with less sugar, as the company behind Oreo cookies and Cadbury chocolate responds to consumer demands for healthier products, underlined by a survey released on Monday.

Uber C.E.O. Backtracks After Calling Khashoggi’s Killing a ‘Mistake’

Dara Khosrowshahi compared the killing of Jamal Khashoggi by Saudi operatives to the death of a woman who was hit by a self-driving car. Later, he said the murder “was reprehensible and should not be forgotten or excused.”

Maersk's head of operations Soren Toft steps down

Denmark's Maersk said on Monday its Chief Operating Officer Soren Toft has decided to leave the company after two years at management level at the shipping group.

How Much Would You Pay for a Houseplant?

Four-figure price tags. Destination auctions. Yearslong wait-lists. Rare plant collectors aren’t messing around.

Wall Street opens lower as Trump, Hong Kong sour mood

U.S. stocks opened lower on Monday as comments by President Donald Trump dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries.

Trump to meet with vaping industry on vaping, e-cigarettes

U.S. President Donald Trump said on Monday he will be meeting with vaping industry officials as well as medical and political officials to discuss vaping and e-cigarettes.

Brexit endgame? How UK business views the state of the economy

Leaders from film and TV, housebuilding and manufacturing on whether their firms are thriving

The UK has avoided recession after official figures showed the economy growing at 0.3% in the third quarter of the year. He we talk to businesses in key sectors about their view of the British economy’s performance.

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UK avoids recession but that's cold comfort amid Brexit cloud

There was little good news in the ONS’s latest growth figures

After a tough spring, the economy returned to growth in the summer and early autumn but only just. The slowest annual rate of expansion in almost a decade poses an obvious question: is the glass half empty or half full?

Actually, it’s about a third full at best. There were really only two pieces of good news for the government in the latest bulletin from the Office for National Statistics: the economy avoided two consecutive quarters of negative activity – the technical definition of a recession – and there was a bounce back in construction. Other than that, it was thin pickings.

Related: Brexit effect on UK economy may be worse than thought, says CBI

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Oil falls after Trump plays down optimistic China trade reports

Oil prices dipped on Monday after U.S. President Donald Trump appeared to play down reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war.

Google launches smart device in Brazil in new challenge to Amazon

Alphabet Inc’s Google is bringing to Brazil the latest version of its own smart device Google Nest, with plans to start selling it in major online and brick-and-mortar retailers in the country as of Tuesday.

Stock futures fall as Trump, Hong Kong weaken mood

U.S. stock index futures fell on Monday as President Donald Trump's comments dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries.

China, Greece agree to push ahead with COSCO's Piraeus Port investment

China and Greece agreed on Monday to push ahead with a 600 million euros investment by COSCO Shipping into Greece's largest port, Piraeus, as part of efforts to boost its role as a hub in rapidly growing trade between Asia and Europe.

Uber CEO calls Jamal Khashoggi murder 'serious mistake'

Dara Khosrowshahi compared the journalist's killing to his company's failings with self-driving cars.

UK building sector hit by surge in insurance costs after Grenfell fire

Two years after a fire killed 71 people at London's Grenfell Tower, insurance premiums for building contractors, architects and surveyors have surged by as much as several hundred percent, risking future projects, industry sources say. Combustible materials used to refurbish Grenfell were central to the chain of events in June 2017 that turned an ordinary kitchen fire into an inferno, an official inquiry said last month.

Amazon's $1.5 million political gambit backfires in Seattle City Council election

Seattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, reviving chances for a tax on big businesses that the tech giant helped fend off last year.

Uber’s Latin American stronghold pursued by SoftBank-funded rivals

Latin America, long a safe haven for Uber, was the biggest weak spot in the money-losing company’s latest financial results, registering just 2% growth, the worst of any region.

Europe Is Toughest on Big Tech, Yet Big Tech Still Reigns

There is a lot to learn from mistakes that the Continent’s regulators have made, say consumer groups, lawyers and rival companies.

Airbnb, Chobani among companies to oppose U.S. asylum work permit slowdown

Airbnb, Chobani, Western Union and a dozen other companies are urging the withdrawal of a Trump administration proposal to slow down the work permit approval process for asylum seekers.

China's Jingye Group in talks to buy British Steel

China's Jingye Group is in talks to buy British Steel, it said on Monday, in a deal estimated to be worth 70 million pounds ($90 million) that could protect thousands of British jobs.

DealBook: Running the Numbers on Elizabeth Warren’s Wealth Tax

Her policy would make it much harder for people to remain multibillionaires into old age. Here’s what that would look like for Bill Gates and others.

Oil falls after Trump downplays optimistic China trade reports

Oil prices dipped on Monday after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war.